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[January 2008]
Conditional Agreement Between RHI and Cookson
RHI AG has announced that a conditional agreement has been reached with Cookson Group plc concerning the acquisition of two plants, in Scotland (Bonnybridge) and USA (Saybrook) respectively, manufacturing Carbon Bonded Ceramics (CBCs), currently operated by Foseco plc.
The CBC business had revenues of approximately £20 million for the year ended 31 December 2006 and gross assets of approximately £9 million as at 31 December 2006. Completion of the transaction is conditional, amongst other things, on receipt of anti-trust clearances in the US and Europe regarding the acquisition of Foseco by Cookson, which is expected to be completed in the first half of 2008.
www.rhi-ag.com
ENDS